This listing includes AI condition scoring, neighbourhood intelligence, and market valuation data — giving you a complete picture before you visit. Compare rental yield, price per square metre, and location strength against the broader Portuguese market to assess whether this property fits your investment strategy.
2-bedroom, 1-bathroom apartment of 94 m², energy rating E. Located Pinhal Novo parish, Palmela municipality, Setúbal district. Noteworthy Features: This apartment includes air conditioning in the living room and four balconies, boosting natural light and outdoor relaxation options. Condition Notes: Minimal wear is observed, particularly in living areas and kitchen.
The valuation. The asking price of €290,000 is significantly above the fair value of €132,608, indicating a substantial premium of €157,392 (54.3%). This property is deemed overpriced.
Fair value modelled at €132,608 from the area baseline, adjusted for condition and location. Asking €290,000 sits €157,392 (54.3%) above — overpriced versus fair value.
Asking €290,000 versus the Pinhal Novo, Palmela, Setúbal area baseline of €229,830 (€2,445/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 (Condition 65 · Materials 70 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 43/100 (Housing Market 40 · Amenities 45 · Economic 35 · Tenant Quality 50). Softer demand indicators apply a discount to baseline.
Pinhal Novo, Palmela, Setúbal
Area baseline €229,830 + condition -€12,484 + location -€4,180 = modelled fair value of €132,608 (€1,411/m²), a €157,392 (54.3%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pinhal Novo · 9389aa | Subject | €290,000 | €3,085 | — | 65 | 43 |
| rua do Monte Novo, 25 | Active | €250,000 | €2,747 | 11.0% | 70 | 51 |
| Pinhal Novo · 0019f6 | Active | €265,000 | €2,624 | 15.0% | 70 | 53 |
| rua de Cabo Verde | Active | €265,000 | €2,819 | 8.6% | — | 55 |
| Pinhal Novo · 65a865 | Active | €265,000 | €3,313 | 7.4% | 65 | 47 |
| Median comp | €265,000 | €2,783 | 9.8% | 70 | 52 |
Long-term rental The 2-bed apartment in Pinhal Novo is not an ideal candidate for long-term rental due to its 54.3% gap from fair value, indicating an overpriced market with limited economic activity. The gross yield of 3.8% fails to justify the significant premium over fair market value, suggesting that landlords may struggle to secure reliable tenants in this neighborhood. Buy-and-hold Investing in this property as a buy-and-hold strategy appears unwise, as it is overpriced by 54.3% compared to its fair value of €132,608. With a tenant-friendly yield of only 3.8% gross, the potential for appreciation is limited in a neighborhood with a low score of 43/100 for overall desirability, indicating a declining investment outlook.
High vacancy risk With an economic stability score of 35/100 and a tenant stability score of 50/100, this property faces a heightened risk of vacancy due to potential economic difficulties and less reliable tenants.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
